The eurozone out of recession in the 3rd T
November 13, 2009
According to the Statistical Office Eurostat, the eurozone has come out of the recession in the third quarter, with growth of the gross domestic product (GDP) of 0.4% on quarter.
In fact, in the so-called 'Europe of the 27' GDP also came from negative and increased ground two-tenths on quarter in the third quarter of the year, while it builds up an annual drop of 4.3%.
The countries of the euro area that have registered a higher growth of GDP have been Slovakia (1.6%), followed by Portugal and Austria (0.9%), Germany (0.7%) and Italy (0.6%).